Or credited example sentences

A ledger is the collection of all the accounts, debited or credited, in the journal proper and various special journal (about which you will learn in chapter 4).When the errors committed in one accounting year are located and rectified in the next accounting year, profit and loss adjustment account is debited or credited in place of accounts of expenses/losses and incomes/ gains in order to avoid impact on the income statement of next accounting period.At this stage, choose the Accounts table because domain of accounts to be debited or credited remains confined to accounts available in Accounts table only.An account is debited or credited according to the rules of debit and credit already explained in respect of each category of account.When the number of accounts to be debited or credited is more than one, entry made for recording the transaction is called compound journal entry.List control may be used next to Debit and Credit labels in a simple transaction voucher, so as to locate the accounts to be debited or credited.In case, however, the excess application money received is more than the amount due on allotment of shares, such excess amount may either be refunded or credited to calls in advance.The title of Entries Grid and Text box to the left of a list control are used to select an account to be debited or credited (the complementing account) against the accounts being mentioned in the Entries Grid are also calculated text controls.